XRP prints a 3% gain as a bullish flag pattern emerges on the daily chart, setting a potential price target of $2.10 despite broader market consolidation and macroeconomic uncertainty.
XRP has formed a bullish flag pattern on the daily chart, a technical continuation setup that suggests the potential for a significant rally if the price breaks above the $1.50 resistance level. While the asset faces headwinds from a 60% probability of a September rate hike and declining on-chain activity, the technical structure supports a projected target of $2.10, representing a 48% upside potential.
The projected target based on the flag's pole size is $2.10.
XRP needs to break above the $1.50 area, which represents the highest point of the current flag pattern.
XRP gains 3% in 24 hours as technical indicators signal a potential continuation of the recent uptrend. Despite macroeconomic headwinds and a 60% probability of a September rate hike, the asset maintains a bullish flag formation that suggests a 48% upside potential toward the $2.10 mark.
XRP has formed a bullish flag pattern, a continuation setup that suggests the asset may resume its previous uptrend if it breaks the $1.50 resistance level.
The market is weighing a 60% probability of a September rate hike, which creates a challenging environment for crypto assets, though current investor sentiment remains resilient.